Published On: Mon, Mar 9th, 2020

Universal Credit: Claimants will receive more income in April 2020 – how much could it be? | Personal Finance | Finance

Universal Credit payments and other benefits have been flat for a number of years. In 2016, the former Chancellor of the Exchequer George Osborne introduced a freeze which meant all benefit payments remained flat, regardless of changes to inflation. However, in November 2019, the government confirmed that this freeze will soon come to an end.

There is a monthly standard allowance in place that everyone will get as a minimum.

These allowances are split into four specific circumstances.

People who are single and under 25 will get £251.77 a month or if they’re over 25 it will be £317.82

Couples who are claiming and are both under 25 will receive £395.20 each and couples over 25 will get £498.89.

While the rates will be welcomed by many, some organisations have detailed that they don’t go far enough. Citizens Advice produced research detailing that despite the upcoming rises, many households will still end up in a negative budget.

It claims that the measure used to raise these rates, the consumer prices index (CPI), is not adequate and it should actually be two percent higher than the CPI rate to really make a difference.

While there have been no changes made to the official rise, many within the political world are pushing for change.

Following the research from Citizens Advice, the All Party Parliamentary Group pushed for the government to take heed of the findings and make a change to the Universal Credit system.

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